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RAPIDO STAKE DIVESTMENT
Microsoft's $17.5B India power play; Swiggy QIP opensMicrosoft is getting ready to spend more on AI in India. This and more in today's ETtech Top 5.- Swiggy’s Rs 10,000 crore QIP; PhysicsWallah’s strong Q2 showHappy Tuesday! Swiggy got shareholders’ nod to raise fresh funds from institutional investors. This and more in today’s ETtech Morning Disp...
- Prosus doubles half-year core profit amid e-commerce pivotProsus reported a 99% surge in adjusted half-year core profit, reaching $423 million, driven by strong digital services and e-commerce perf...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.
- TVS Motor shares in focus as company divests stake in Rapido for Rs 288 croreTVS Motor Company is selling its stake in Rapido for Rs 287.93 crore. This marks a strategic exit from the bike-taxi aggregator. The deal i...
- Alakh Pandey on PhysicsWallah’s IPO; Slice’s losses widenHappy Friday! PhysicsWallah plans to double down on a bet that can protect it from the vagaries of the online learning space. This and more...
- TVS Motor to divest Rapido stake to Accel, Prosus for Rs 288 croreTVS Motor Company is selling its stake in Rapido. Venture capital firm Accel and investor Prosus will acquire shares for Rs 288 crore. This...
- TVS Motor to sell stake in Rapido for Rs 288 crTVS Motor Company is selling its stake in bike-taxi aggregator Rapido for Rs 287.93 crore. Agreements have been signed with Accel India VII...
- Swiggy board to meet on November 7 to consider Rs 10,000 crore fundraise via QIPSwiggy will hold a board meeting on November 7 to discuss raising Rs 10,000 crore ($1.1 billion) via a qualified institutional placement (Q...
- Tata Capital IPO coming in October? 8 things to know about Tata Group’s Rs 17,200 crore issueTata Capital is launching India’s largest financial-sector IPO on October 6, aiming for a valuation of around $18 billion. The Rs 17,200 cr...
- Swiggy shares down 21% so far in 2025. Will Rapido stake sale fuel Instamart’s next leg?Swiggy is selling its stake in Rapido. This move aims to free up funds for Instamart. Instamart is Swiggy's quick-commerce business. The sa...
- Swiggy shares in focus after Rs 2,399 crore stake sale in Rapido, Instamart slump saleSwiggy's board has approved the sale of its stake in Rapido. The sale will be to MIH Investments One B.V. and Setu AIF Trust. The total val...
- Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuationThis round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online reta...
- Exclusive: Lenskart, Purplle, Healthkart may raise fresh funds as big-ticket startup deals gain momentumBig-ticket investments on horizon for companies that have emerged stronger after Covid. Indian startup sector witnesses a resurgence in big...
- Big-ticket funding deals in focus; Good Glamm's JV with Serena WilliamsIndustry executives view this as a notable uptick after the prolonged downturn in funding for technology ventures in India since 2021. Whil...
- With lockdowns gone, Uber India’s FY22 revenue rises 7%, loss narrowsOf the company’s operational revenue, Rs 388.23 crore came from the ride-hailing vertical during the year ended March 2022, rising 30% from...
- Paytm's board gamesPaytm, which plans to go public in a few months, has agreed to give its founder Vijay Shekhar Sharma the right to appoint one member to its...
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